Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4591 revises pension contribution and benefit rules for fire and police pension funds. It grants actuaries and pension boards greater authority to adjust contribution rates based on fund solvency. The bill also increases employer contribution requirements if actuarial analysis determines the pension fund is underfunded while allowing for contribution decreases if the pension fund meets certain solvency metrics​.
Author
Mary Gonzalez
Co-Author
Rhetta Bowers